Fed's Evans: Inflation pressures are still underrunning our 2% target

Fed's Evans speaks in Dublin at the ACI Financial Markets Association World Conference

• Is core inflation close enough to target? For the target to be 2%, you need 2%
• In crisis we never seriously contemplated negative rates
• It may be a good idea to smooth out the run-off from the balance sheet
• I'm not a big fan of using reinvestment to alter the slope of the yield curve
• I think it's very important to live up to our inflation goals
• Wages have been driven down, that's a factor we need to understand
• I'm as skeptical as anyone that we've closed the resource gap but encouraged by unemployment at 4.4%

There's no text so the comments will trickle in. Audience and media Q&As are expected.